UPDATE 1-Sycamore Partners seeks to end Victoria’s Secret deal, L Brands shares plunge
Investment firm Sycamore Partners is
seeking to end its deal to buy a stake in L Brands Inc’s
lingerie brand Victoria’s Secret, citing business decisions the
retailer took during the coronavirus pandemic, a court filing on
Wednesday showed, sending the company’s shares down over 20%.
seeking to end its deal to buy a stake in L Brands Inc’s
lingerie brand Victoria’s Secret, citing business decisions the
retailer took during the coronavirus pandemic, a court filing on
Wednesday showed, sending the company’s shares down over 20%.
Posted by Reuters
